La Maestra Foundation Inc
La Maestra Foundation Inc. shows fluctuating financial health with recent deficit spending, but consistent zero officer compensation.
EIN: 204368366 · San Diego, CA · NTEE: S20 · Updated: 2026-03-28
Is La Maestra Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Maestra Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Maestra Foundation Inc
La Maestra Foundation Inc (EIN: 204368366) is a nonprofit organization based in San Diego, CA, classified under NTEE code S20. The organization reported total revenue of $2.8M and total assets of $573K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Maestra Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Maestra Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-606,583 |
| Total Assets | $517K |
| Total Liabilities | $324K |
| Net Assets | $193K |
| Operating Margin | -32.0% |
| Debt-to-Asset Ratio | 62.7% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2023, La Maestra Foundation Inc reported a deficit of $607K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 62.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), La Maestra Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.9% | +2.2% | -53.3% |
| 2022 | +0.8% | +22.2% | +15.6% |
| 2021 | +29.2% | +25.2% | +66.9% |
| 2020 | +21.1% | +1.7% | +148.1% |
| 2019 | -64.3% | +24.4% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates La Maestra Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, La Maestra Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $607K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for resource allocation to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of La Maestra Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312) by over $600,000.
- Inconsistent financial performance with significant fluctuations in revenue and assets over time.
- Liabilities have been substantial in past years, such as $3,289,845 in 2017, though they have decreased more recently.
Strengths
The following positive indicators were identified for La Maestra Foundation Inc:
- Consistent reporting of 0% officer compensation across all 14 filings, indicating strong financial stewardship regarding executive pay.
- Demonstrated ability to generate significant revenue in certain periods, such as $4,489,966 in 2018.
- Long filing history (14 filings) indicates sustained operation and compliance with IRS reporting requirements.
Frequently Asked Questions about La Maestra Foundation Inc
Is La Maestra Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, La Maestra Foundation Inc (EIN: 204368366) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does La Maestra Foundation Inc spend its money?
La Maestra Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to La Maestra Foundation Inc tax-deductible?
La Maestra Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204368366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is La Maestra Foundation Inc. a good charity?
La Maestra Foundation Inc. exhibits strong commitment to its mission by reporting zero officer compensation across all filings. However, its financial stability has been inconsistent, with expenses exceeding revenue in several recent years, including 2023, which could impact long-term sustainability.
Why did La Maestra Foundation Inc.'s assets decrease significantly from 2022 to 2023?
Assets decreased from $1,107,125 in 2022 to $516,814 in 2023. This decline coincides with the organization spending $606,583 more than it brought in during 2023 ($2,503,581 expenses vs. $1,896,998 revenue), likely contributing to the reduction in net assets.
What caused the large revenue spike in 2018?
In 2018, La Maestra Foundation Inc. reported a significant revenue of $4,489,966, a substantial increase from $651,857 in 2017. The specific source of this spike is not detailed in the provided data, but it represents a period of strong financial inflow.
Filing History
IRS 990 filing history for La Maestra Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), La Maestra Foundation Inc's revenue has grown by 2520.1%, moving from $72K to $1.9M. Total assets increased by 248.9% over the same period, from $148K to $517K. Total functional expenses rose by 1789.6%, from $132K to $2.5M. In its most recent filing year (2023), La Maestra Foundation Inc reported a deficit of $607K, with expenses exceeding revenue. The organization holds $324K in liabilities against $517K in assets (debt-to-asset ratio: 62.7%), resulting in net assets of $193K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.5M | $517K | $324K | — | View 990 |
| 2022 | $2.5M | $2.4M | $1.1M | $308K | — | View 990 |
| 2021 | $2.5M | $2.0M | $958K | $235K | — | View 990 |
| 2020 | $1.9M | $1.6M | $574K | $218K | — | View 990 |
| 2019 | $1.6M | $1.6M | $231K | $182K | — | View 990 |
| 2018 | $4.5M | $1.3M | $204K | $134K | — | View 990 |
| 2017 | $652K | $1.1M | $304K | $3.3M | — | View 990 |
| 2016 | $525K | $1.1M | $350K | $2.9M | — | View 990 |
| 2015 | $525K | $1.0M | $456K | $2.4M | — | View 990 |
| 2014 | $1.8M | $2.6M | $441K | $1.9M | — | View 990 |
| 2013 | $303K | $799K | $276K | $913K | — | View 990 |
| 2012 | $252K | $366K | $158K | $299K | — | View 990 |
| 2011 | $75K | $99K | $137K | $164K | — | View 990 |
| 2010 | $72K | $132K | $148K | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.5M, and assets of $517K (revenue -24.9% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $1.1M (revenue +0.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.0M, and assets of $958K (revenue +29.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.6M, and assets of $574K (revenue +21.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $231K (revenue -64.3% year-over-year).
- 2018: Revenue of $4.5M, expenses of $1.3M, and assets of $204K (revenue +588.8% year-over-year).
- 2017: Revenue of $652K, expenses of $1.1M, and assets of $304K (revenue +24.2% year-over-year).
- 2016: Revenue of $525K, expenses of $1.1M, and assets of $350K (revenue -0.1% year-over-year).
- 2015: Revenue of $525K, expenses of $1.0M, and assets of $456K (revenue -70.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.6M, and assets of $441K (revenue +486.5% year-over-year).
- 2013: Revenue of $303K, expenses of $799K, and assets of $276K (revenue +20.3% year-over-year).
- 2012: Revenue of $252K, expenses of $366K, and assets of $158K (revenue +235.1% year-over-year).
- 2011: Revenue of $75K, expenses of $99K, and assets of $137K (revenue +3.7% year-over-year).
- 2010: Revenue of $72K, expenses of $132K, and assets of $148K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Maestra Foundation Inc:
Data Sources and Methodology
This transparency report for La Maestra Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.